Updated Mar 31, 2020

GroFin Finance and Business Support

Offered by GroFin

GroFin is a pioneering private development finance institution specialising in the finance and support of small and growing businesses (SGBs). Our investments and business support help to generate employment, strengthen value chains, and develop markets to bring about inclusive growth and improved living conditions in the low- and middle-income countries where we operate.

We invest in small and growing businesses that have the ability to scale up and be sustainable as well as create positive impact in the communities in which they operate.

Apply on Funding Site
LoanType
Open Year RoundDeadline
$100,000 - $1,500,000Amount
36-96 months Duration(Months)

Mandatory Requirements

Implemented In:
RegionN/A
CountryGhana, Senegal, Rwanda, Oman, Nigeria, Kenya, Jordan, Iraq, Egypt, Uganda, Zambia, Tanzania and South Africa
Focus AreasEducation
Economic Growth and Trade
Agriculture
Health
Water Sanitation and Hygiene (WASH)
Energy

GroFin considers businesses in all sectors with exception of those activities that have significant potential negative social and environmental impacts. We also do not invest in financial intermediation businesses or non profits such as NGOs, and community groups. Primary agriculture is only considered if it takes place in a controlled environment and at scale.​


Other Requirements

Target Beneficiaries

The business must be able to have a measurable impact in terms of the number of jobs supported and sustained, female ownership, female employment and semi-/unskilled labour. SMEs that provide indirect job opportunities (e.g. training, skills development) and/or environmental services (water, waste, energy, ecotourism) are also attractive to GroFin.


Management Team

The entrepreneur should have significant own investment in the business, have the ability to manage a business – from operations, sales, financial management, administration, and leadership. They must be willing to work with us as a value adding financier and share management information regularly. They must have growth ambition and demonstrate integrity as well as professionalism in their dealings.

OtherGroFin delivers business support to clients prior to the investment and during the tenor of the loan – focusing on improving business viability, sustainability and growth through identifying material business risks/opportunities across a range of generic areas as identified during the screening/due diligence stage. For this reason, entrepreneurs need to be receptive to receiving advice and implementing recommendations, normally around improving formalisation of their business.

Application Directions

Checklist and Application Form (online application form and downloadable PDF application form) will be visible following successfully completion of STEP 4 (Pre-Assessment Questionnnaire).

Apply on Funding Site